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HANOI -- Vietnamese conglomerate Vingroup is selling off main businesses and planning stock market listings in a scramble to raise funds for its loss-making VinFast EV business, raising concerns about the group's future cash flow.
Police say Lan, along with 33 others, should be prosecuted for alleged asset embezzlement, money laundering and illegal cross-border transportation of currency tied to real estate company Van Thinh Phat Holdings Group and Saigon Commercial Bank, or SCB, the newspaper reported, citing information from the Ministry of Public Security.
HANOI - Vietnam real estate tycoon Truong My Lan, sentenced to death in the country's largest-ever financial fraud case, had illegally transferred money abroad, according to police, with state media on Thursday (June 6) reporting US$4.5 billion (S$6 billion) had been moved.
MANILA -- The Philippines, the world's top rice importer, is moving to cut tariffs on the staple food from 35% to 15% through 2028 to ease the country's inflation woes. But analysts worry the move could benefit foreign producers such as Vietnam and leave Filipino farmers struggling to compete.
US Secretary of Defense Lloyd Austin’s upcoming visit to Cambodia, scheduled for June 4, marks the first official bilateral trip by an American defense chief in recent years.
BEIJING – Chinese state media said on June 2 that personnel on a Philippine ship pointed guns at the country’s Coast Guard in disputed waters of the South China Sea in May.
TOKYO -- Major Vietnamese construction group Fecon is looking for Japanese partners for upcoming development projects, Chairman Pham Viet Khoa told Nikkei here Friday.
Though police general To Lam, who was sworn in as president on May 22, previously sought Beijing’s advice on shoring up domestic security, foreign-policy experts believe Hanoi will stay the course in its dealings with its powerful northern neighbour.